02.25.15
P&G's former CEO Bob McDonald—who is now serving as US Veterans Affairs secretary—has apologized for false claims he made about his military service.
According to a report in today’s Cincinnati Business Courier, during a trip to meet homeless veterans in Los Angeles, McDonald talked to a homeless man who said he served in special forces. McDonald told the homeless man he also had been in special forces.
McDonald now says his statement was inaccurate. In a statement, McDonald also “apologized to anyone that was offended by my misstatement,"
McDonald, who is a 1975 West Point graduate, completed Army Ranger training and then left the military forces. He was sworn into office at the VA on on July 30, 2014.
Under McDonald’s leadership as CEO, P&G significantly expanded its developing market footprint and added nearly a billion more consumers to the number it serves. He led the company from 2009 to 2013, during which time P&G realized annual sales of over $84 billion dollars. The company had more than 120,000 employees, 120 plants and 200 brands in 35 categories, of which 25 brands generate over $1 billion dollars in sales each year. During his tenure, P&G grew organic sales by an average of about three percent per year with core earnings per share up an average of about four percent. P&G’s stock price rose from $51.10 the day McDonald became CEO to close at $81.64 on the day his last quarterly results were announced – a 60% increase.
According to a report in today’s Cincinnati Business Courier, during a trip to meet homeless veterans in Los Angeles, McDonald talked to a homeless man who said he served in special forces. McDonald told the homeless man he also had been in special forces.
McDonald now says his statement was inaccurate. In a statement, McDonald also “apologized to anyone that was offended by my misstatement,"
McDonald, who is a 1975 West Point graduate, completed Army Ranger training and then left the military forces. He was sworn into office at the VA on on July 30, 2014.
Under McDonald’s leadership as CEO, P&G significantly expanded its developing market footprint and added nearly a billion more consumers to the number it serves. He led the company from 2009 to 2013, during which time P&G realized annual sales of over $84 billion dollars. The company had more than 120,000 employees, 120 plants and 200 brands in 35 categories, of which 25 brands generate over $1 billion dollars in sales each year. During his tenure, P&G grew organic sales by an average of about three percent per year with core earnings per share up an average of about four percent. P&G’s stock price rose from $51.10 the day McDonald became CEO to close at $81.64 on the day his last quarterly results were announced – a 60% increase.